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F.N.B. Corporation Reports Third Quarter 2026 Earnings

Introduction

On October 19, 2026, F.N.B. Corporation (NYSE: FNB) shared its financial performance for the third quarter of the year, revealing a net income of $152.9 million, which translates to $0.43 per diluted common share. This demonstrates growth from $149.5 million, or $0.41 per diluted common share, during the same period in the previous year.

Robust Performance Metrics

The results presented an encouraging upward trend, with the year-to-date earnings now totaling $1.23 per diluted common share, marking a 13% rise compared to the same timeframe last year. Chairman, President, and CEO Vince Delie emphasized the quarter's accomplishments, stating that they achieved a record net interest income and an expanded net interest margin, alongside a notable increase in tangible book value per common share, which rose by 7% year-over-year.

F.N.B. Corporation leveraged technology investments effectively, culminating in impressive annualized growth figures: 8.5% in loans and 8.9% in deposits. These growth measures resonate with the company's long-term organic expansion strategy. Delie pointed out that their consistent underwriting standards have ensured optimal credit quality results for the quarter, symbolizing a solid foundation for ongoing stability.

Key Financial Highlights

Loans and Deposits Growth

In terms of loans and leases, the average total reached $36.1 billion, witnessing an increase of $1.3 billion, or 3.7%. The breakdown revealed significant contributions from both consumer loans, ascending by $1.2 billion, and commercial loans, growing by $115.4 million.

The quarterly examination also highlighted that total loans and leases surged by $768 million, displaying an annualized growth rate of 8.5%, particularly fueled by a $435.3 million rise in consumer loans and a $332.7 million increase in commercial loans.

Regarding deposits, the average total stood at $38.8 billion, reflecting a climb of $914.1 million, or 2.4%. Imports illustrated robust growth across various categories, particularly in average interest-bearing demand deposits, which rose by $640.6 million, and average money market deposits, growing by $443.8 million.

Net Interest Income Insights

F.N.B. Corporation's net interest income reached $376.5 million, marking a $10.8 million increase from the prior quarter, influenced largely by growth in earning assets and higher yields. The institution reported a net interest margin of 3.29%, a slight increase from the previous quarter, showcasing the effectiveness of their capital management strategies amidst fluctuating interest rates.

With regard to credit loss provisions, F.N.B. maintained a cautious stance, reporting a provision of $19.6 million for credit losses, a decrease from the previous quarter. Their net charge-offs represented only 0.12% of total average loans, upholding the company's commitment to prudent risk management and asset quality.

Capital and Shareholder Returns

The Common Equity Tier 1 (CET1) regulatory capital ratio ended the period at an estimated 11.3%, which demonstrates stability in the face of market challenges. Tangible book value increased to $12.28, up 7% from the prior year, reflecting ongoing profitability and strengthening of equity position.

As part of their shareholder return strategy, the company repurchased $51 million of common stock in the third quarter, indicative of their confidence in future performance. This stock buyback program represents a thoughtful approach to capital management in positively impacting shareholder value.

Conclusion

F.N.B. Corporation’s third-quarter results for 2026 highlight the company's resilience and solid operational performance amid dynamic market conditions. The combination of significant loan and deposit growth, record net interest income, and an admirable expense control mechanism reaffirms their strategic direction. Stakeholders remain optimistic about the continued growth potential driven by technology investments and market expansion initiatives, setting a favorable outlook for the future.

"By strategically investing in innovative technology to grow primary relationships and low-cost deposits, while also expanding high-value fee-based businesses to diversify revenue streams, we are building a stronger, more resilient franchise," Delie concluded, signaling a bright future for F.N.B. Corporation.